Hamilton Insurance Group
Underwrites global specialty insurance and reinsurance across Bermuda, Lloyd’s and US surplus-lines markets.
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Profile
Underwrites specialty property, casualty and related reinsurance through London, Dublin, Bermuda and US platforms, earning premiums and investment income. International insurance and Bermuda reinsurance contribute roughly even business volumes, while a material Two Sigma-managed fund allocation links earnings to both underwriting and investment performance.
Underwrites specialty insurance and reinsurance through three platforms spanning Bermuda, London, Dublin and the United States. Hamilton Global Specialty writes commercial specialty and casualty insurance plus specialty reinsurance through Lloyd’s Syndicate 4000 and an Irish carrier; Hamilton Select serves small and midsize US businesses with hard-to-place excess and surplus lines; Hamilton Re writes global property, casualty and specialty reinsurance alongside high-excess specialty insurance.
Uses proprietary underwriting and catastrophe tools to price risks and manage accumulations, while brokers supply access to commercial clients and cedants. The International segment contains Global Specialty and Select; the Bermuda segment is Hamilton Re, leaving premiums split roughly evenly between the two. Earnings and holding-company cash depend on claim severity and reserve estimates, catastrophe exposure, broker access, regulated subsidiary dividends, and returns from a material allocation to the Two Sigma-managed investment fund.
Company facts
Categories
Key statistics
Year to date +29.6% · Average volume (30d) 376.9K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 19, 2026 | Morgan Stanley | Reiterate | Equal Weight | $34 | $37 |
| Jul 7, 2026 | Barclays | Reiterate | Overweight | $35 | $39 |
| Jul 6, 2026 | Morgan Stanley | Reiterate | Equal Weight | $28 | $34 |
| May 21, 2026 | UBS | Target | $33 | ||
| Feb 20, 2026 | Barclays | Target | $32 | $35 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $1.20 | $1.56 | +30.0% | $599.3M | $831.0M | +38.7% | +1.01% |
| Apr 30, 2026Q1 FY26 | $1.13 | $1.64 | +45.1% | $933.9M | $940.1M | +0.7% | −3.63% |
| Feb 19, 2026Q4 FY25 | $0.69 | $1.65 | +139.1% | $621.0M | $669.0M | +7.7% | +3.79% |
| Nov 4, 2025Q3 FY25 | $0.71 | $1.32 | +85.9% | $644.0M | $681.5M | +5.8% | +10.17% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $781.7M | $754.5M | $681.5M | $708.1M | $754.4M | $846.9M | |
| Gross profit | $256.7M | $348.0M | $263.5M | $393.4M | $429.6M | $485.4M | |
| Operating income | $184.5M | $270.5M | $180.3M | $189.7M | $219.4M | $257.3M | |
| Net income | $80.9M | $187.4M | $136.2M | $172.2M | $133.5M | $143.8M | |
| Diluted EPS | $0.80 | $1.79 | $1.32 | $1.70 | $1.32 | $1.42 | |
| Gross margin | 32.8% | 46.1% | 38.7% | 55.6% | 56.9% | 57.3% | |
| Operating margin | 23.6% | 35.8% | 26.5% | 26.8% | 29.1% | 30.4% |
Fiscal years (4-quarter sums)FY22 $1.15B · FY23 $1.62B · FY24 $1.92B · FY25 $2.93B
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $4.19B · Total debt $149.8M · Total assets $10.26B · Shareholders' equity $2.85B
Dividends
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Mar 6, 2026 | Mar 6 | Mar 30 | $2.00 | special dividend |
Ownership
Shares outstanding 99.77M · Float 90.38M · 90.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Magnitude Capital, LLC | 15.10M | 15.13% | 13F | Aug 14, 2026 |
| Wellington Management Group LLP | 5.78M | 5.79% | 13F | Aug 14, 2026 |
| Wellington Investment Advisors Holdings LLP | 3.72M | 6.06% | 13G | Nov 8, 2024 |
| BlackRock, Inc. | 3.12M | 3.13% | 13F | Aug 7, 2026 |
| Nuveen, LLC | 2.37M | 2.38% | 13F | Aug 11, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 18, 2026 | David A. Brown | director | −37,300 | $32.16 |
| May 15, 2026 | David A. Brown | director | −12,700 | $31.82 |
| May 13, 2026 | Jonathan B. Levenson | officer: Group Treasurer | −6,075 | $30.61 |
| May 8, 2026 | Jonathan B. Levenson | officer: Group Treasurer | −3,030 | $30.67 |
| May 5, 2026 | Brian John Deegan | officer: Group Chief Accounting Officer | −11,000 | $30.69 |
Peers
- Arch Capital Group
Top-10 global reinsurer; Bermuda, Lloyd's, and US specialty platforms
- RenaissanceRe
Bermuda reinsurer; top-5 global P&C scale after 2023 Validus acquisition
- AXIS Capital
Bermuda specialty re/insurer, Lloyd's Syndicate 1686; record $9B GWP in 2024
- Everest Group
Bermuda-domiciled global P&C reinsurer and insurer operating at ~$18B GWP scale
- Markel Group
Virginia-based specialty insurer: E&S, Lloyd's Syn 3000, global reinsurance
- W. R. Berkley
Decentralized US specialty P&C giant; E&S, reinsurance, and Lloyd's reach
- Kinsale Capital Group
Pure-play US E&S insurer; proprietary tech, sub-80% combined ratio
- Skyward Specialty
US specialty P&C carrier; eight niche divisions, 56% E&S, $1.74B FY2024 GWP
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Hamilton Insurance Group | $35.35 | 0.00% | $3.53B | 6.1 | 8.0 | 1.2 | +12.2% |
| Arch Capital Group | $97.15 | −1.71% | $34.53B | 7.7 | 10.5 | 1.8 | −22.3% |
| RenaissanceRe | $330.74 | +0.01% | $13.74B | 5.7 | 8.3 | 1.3 | −28.5% |
| AXIS Capital | $99.52 | 0.00% | $7.26B | 6.3 | 7.6 | 1.1 | +7.4% |
| Everest Group | $377.61 | −0.02% | $14.94B | 8.0 | 6.9 | 0.9 | −10.1% |
| Markel Group | $1,818.69 | −0.07% | $22.53B | 10.0 | 15.8 | 1.3 | +17.6% |
| W. R. Berkley | $70.65 | +3.20% | $25.48B | 14.1 | 14.5 | 1.4 | +1.2% |
| Kinsale Capital Group | $385.00 | +1.13% | $8.67B | 15.4 | 18.1 | 4.3 | −3.7% |
| Skyward Specialty | $58.29 | −0.03% | $2.36B | 13.6 | 11.3 | 1.4 | +130.9% |
| Median | 9.0 | 10.9 | 1.4 | −1.2% |